OpenAI has raised $15 billion in new financing at a $1.25 trillion valuation, according to CNBC's David Faber3. The round is half the $30 billion the company initially sought and below its earlier $1.4 trillion valuation target1.
The $1.25 trillion figure, described by CNBC as a pre-money valuation, represents roughly a 47% increase over the $852 billion post-money valuation from OpenAI's $122 billion round in March 2026. Bloomberg News reported on November 6 that about $11 billion of the round had already come in; Faber confirmed the total reached $15 billion on November 12.
Nvidia and SoftBank anchor the capital stack
Nvidia Corp. has provided about $30 billion and SoftBank about $65 billion to OpenAI, according to CNBC. OpenAI's revenue rose about 50% between the second and third quarters, Faber reported, with the Information putting third-quarter revenue at about $10 billion. The company's annual revenue run rate is $81 billion and rising, according to Faber.
OpenAI was co-founded in 2015 by Sam Altman, Greg Brockman, Wojciech Zaremba, and others, and has grown into one of the world's most valuable private technology companies through the commercial expansion of ChatGPT. The continued fundraising reflects heavy spending on computing infrastructure, data centers, and chips.
Anthropic IPO looms days away
The round closes days before rival Anthropic's planned stock market debut. Anthropic's IPO, priced to imply a valuation of up to $1.3 trillion, could list as soon as November 19.
ANALYSIS OpenAI's decision to accept a lower valuation and smaller round than originally targeted suggests the private fundraising environment, even for the sector's leaders, has limits.
OpenAI's fundraising history traces a steep arc: a $40 billion raise from SoftBank at a $300 billion post-money valuation in March 2025, followed by the $122 billion round at $852 billion with Amazon, Nvidia, and SoftBank as anchor investors, and a $7 billion tender offer at the same valuation.
Separately, Faber reported on November 12 that Nvidia CEO Jensen Huang had resigned as CEO and board member, with CFO Colette Crest serving as interim CEO while the company conducts a search. Nvidia's stock fell sharply on the news before partially recovering. Democratic lawmakers opened an inquiry on November 12 into how the Trump administration handled Nvidia chip sales to China, hours after Huang's departure[1].